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This paper provides a new way to identify conditional cooperationin a real-time version of the standard voluntary contribution mechanism. Ourapproach avoids most drawbacks of the traditional procedures because it relieson endogenous cycle lengths, which are defined by the number of contributors...
Persistent link: https://www.econbiz.de/10005866399
This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low informed subjects make predictions in sequence. In a matchedpairs design, another set of high informed subjects observe the decisions of the first group andmake predictions....
Persistent link: https://www.econbiz.de/10005866431
The notion of choice inconsistency is widely spread in the literature on behavioraleconomics. Several approaches were used to account for the observation that peoplereverse their choices over time. This paper aims to explain the formation of resolutionsregarded as internal self-binding devices....
Persistent link: https://www.econbiz.de/10005866391
establish cooperation with non-kin. We shedlight on the issue by a voluntary social exchange experiment where related(via mutual …
Persistent link: https://www.econbiz.de/10005866766
projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains …
Persistent link: https://www.econbiz.de/10009784119
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014345629
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014346014
different shadows of the future and degrees of asymmetry and tested in a lab-experiment. Our experimental data show that game … better in describing the equilibrium selection process of emerging norms. -- coordination ; experiment ; normative conflict …
Persistent link: https://www.econbiz.de/10009736799
Social life offers innumerable instances in which trust relations involve multiple agents. In an experiment, we study a …
Persistent link: https://www.econbiz.de/10011734290
authors have claimed that "fairness is intuitive". In light of conflicting empirical evidence, we provide theoretical arguments … of the "fairness is intuitive" hypothesis. Drawing on recent applications of the Drift Diffusion Model (Krajbich et al … theoretical considerations and to retest the "fairness is intuitive" hypothesis, we analyze choices in two-person prisoner …
Persistent link: https://www.econbiz.de/10011616655